Liberty Broadband (NASDAQ:LBRDA) Sets New 12-Month Low – Time to Sell?

Liberty Broadband Corporation (NASDAQ:LBRDA)’s share price reached a new 52-week low on Thursday . The company traded as low as $36.23 and last traded at $36.61, with a volume of 519176 shares traded. The stock had previously closed at $36.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Stock Down 3.4%

The business has a 50-day simple moving average of $49.98 and a two-hundred day simple moving average of $49.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -1.88 and a beta of 0.70.

Insiders Place Their Bets

In other news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $57.61, for a total value of $128,585.52. Following the completion of the sale, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.70% of the company’s stock.

Institutional Trading of Liberty Broadband

Hedge funds have recently modified their holdings of the business. Quent Capital LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $36,000. Comerica Bank lifted its holdings in shares of Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after buying an additional 524 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after buying an additional 248 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock valued at $108,000 after buying an additional 1,713 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.